KBC Group NV Cuts Position in OneMain Holdings, Inc. $OMF

KBC Group NV decreased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 35.5% in the second quarter, HoldingsChannel.com reports. The firm owned 3,329 shares of the financial services provider’s stock after selling 1,834 shares during the quarter. KBC Group NV’s holdings in OneMain were worth $190,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of OneMain during the 2nd quarter worth approximately $611,102,000. Nuveen LLC purchased a new stake in OneMain in the 1st quarter worth $48,282,000. Cooperman Leon G raised its position in OneMain by 187.7% during the first quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock worth $43,454,000 after acquiring an additional 580,000 shares during the period. Fiduciary Management Inc. WI lifted its holdings in OneMain by 21.8% during the first quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider’s stock valued at $129,428,000 after purchasing an additional 474,161 shares in the last quarter. Finally, Certuity LLC grew its position in shares of OneMain by 86.0% in the first quarter. Certuity LLC now owns 930,012 shares of the financial services provider’s stock valued at $45,459,000 after purchasing an additional 430,011 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Price Performance

OMF stock opened at $58.44 on Thursday. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $63.24. The firm has a market capitalization of $6.88 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.45 and a beta of 1.37. The business has a 50 day simple moving average of $57.88 and a 200-day simple moving average of $56.62.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. The firm had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.During the same quarter last year, the business posted $1.31 earnings per share. On average, equities research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $1.05 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Monday, November 10th. OneMain’s payout ratio is currently 71.19%.

Analysts Set New Price Targets

Several research analysts recently weighed in on OMF shares. JMP Securities set a $70.00 price target on shares of OneMain in a research report on Monday, November 3rd. Wall Street Zen upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Citizens Jmp lifted their price target on OneMain from $63.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. increased their price objective on OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Citigroup reaffirmed an “outperform” rating on shares of OneMain in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.13.

Insider Activity

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.20, for a total transaction of $296,000.00. Following the transaction, the chief operating officer directly owned 88,221 shares of the company’s stock, valued at $5,222,683.20. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the completion of the transaction, the chief executive officer owned 231,600 shares in the company, valued at $13,789,464. The trade was a 13.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by company insiders.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.